# Vegoils: Palm oil gains on weaker ringgit, tracking Dalian oils

> Malaysian palm oil futures rose in early trade on Wednesday, helped by a weaker ringgit and firmer related oils on China's Dalian exchange. The ringgit hit its weakest level against the dollar since the start of the year. Palm has declined about 5.8% since early June on weaker demand.

- Date: 2018-06-27 · published 2018-06-27T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/64627-vegoils-palm-oil-gains-on-weaker-ringgit-tracking-dalian-oils
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A weaker ringgit makes palm cheaper for foreign buyers, which can support export demand and prices. The gain is modest, however, because demand remains weak.

## Read by commodity

- PALMOIL: bullish ▲

## Sources

- sg.finance.yahoo.com: https://sg.finance.yahoo.com/news/vegoils-palm-oil-gains-weaker-ringgit-tracking-dalian-053821012--finance.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.